Results released after Wednesday’s close and before Thursday’s open showed strong growth in digital advertising, industrial equipment and power generation. AppLovin expanded revenue and profit sharply, while Qualcomm’s handset weakness weighed on adjusted earnings. Healthcare distribution and utilities delivered further growth, although several headline profit comparisons required a closer look at exceptional items.
In Simple Words
Revenue measures sales, while net income shows profit after expenses and taxes. Adjusted earnings remove selected items and can differ substantially from reported GAAP profit. Guidance sets out management’s expectations for the coming quarter or financial year.
AppLovin: Revenue Growth Converts Into Faster Profit Expansion
AppLovin increased profit faster than revenue, demonstrating substantial operating leverage in its advertising business. Its net income margin also showed how much of the additional revenue reached the bottom line.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $2.185 billion | $1.405 billion a year earlier; up 55% |
| Net income | $1.439 billion | $836 million a year earlier; up 72% |
| Diluted EPS | $4.30 | $2.45 a year earlier |
| Net income margin | 66% | Quarterly result |
Profit growth outpaced sales growth, making margin performance central to the quarter. investors.applovin.com
Also Read: US Top Earnings Today, November 4, 2026: AI Growth, Healthcare Recovery and Industrial Strength
Qualcomm: Handset Weakness Overshadows Automotive Growth
Qualcomm’s revenue and adjusted earnings declined as lower handset sales outweighed growth in automotive and connected devices. GAAP profit returned to positive territory against a loss-making year-ago comparison, producing a different headline from the adjusted results.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| GAAP revenue | $10.322 billion | $11.270 billion a year earlier; down 8% |
| GAAP net income | $1.251 billion | Loss of $3.117 billion a year earlier |
| GAAP diluted EPS | $1.17 | Loss of $2.89 a year earlier |
| Non-GAAP diluted EPS | $2.17 | $3.00 a year earlier; down 28% |
| Handset revenue | $5.137 billion | Down 26% year on year |
| Automotive revenue | $1.990 billion | Up 89% year on year |
The adjusted earnings decline captures the operating pressure more clearly than the GAAP return to profit. sec.gov
McKesson: Higher Earnings Support Another Guidance Increase
McKesson increased revenue and profit, with per-share earnings growing faster than net income. The healthcare distributor raised its annual adjusted earnings forecast following the fiscal second-quarter performance.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | $111.0 billion | Up 8% year on year |
| Net income attributable to McKesson | $1.218 billion | Up 10% year on year |
| GAAP diluted EPS | $10.44 | $8.92 a year earlier |
| Adjusted diluted EPS | $11.68 | Up 18% year on year |
| Fiscal 2027 adjusted EPS outlook | $45.60–$46.40 | Previously $44.20–$45.00 |
The higher annual forecast extends the significance of the quarter beyond the reported earnings increase. MCK 8-K Filing
Also Read: US Top Earnings Today, November 3, 2026: Apple, Palantir, Pfizer and Major Quarterly Reports
ConocoPhillips: Higher Realised Prices Lift Profit
ConocoPhillips more than doubled adjusted earnings as higher realised prices outweighed lower production volumes. Reported profit also benefited from special items, principally a tax-reserve reversal.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Sales and other operating revenue | $19.435 billion | $15.031 billion a year earlier |
| Net earnings | Approximately $4.0 billion | Approximately $1.7 billion a year earlier |
| GAAP EPS | $3.34 | $1.38 a year earlier |
| Adjusted EPS | $3.27 | $1.61 a year earlier |
| Quarterly ordinary dividend | $0.93 per share | Increased 11% |
Higher prices, rather than higher production, were the main driver of earnings growth. COP 8-K Filing
Parker Hannifin: Strong Organic Growth Accompanies Higher Margins
Parker reported record fiscal first-quarter sales and adjusted earnings, supported by double-digit organic growth. Adjusted segment margins improved, and management raised its full-year outlook.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | Approximately $6.0 billion | Up 18%; organic growth of 11.5% |
| GAAP net income | Approximately $900 million | Up 9% year on year |
| GAAP EPS | $6.92 | Up 10% year on year |
| Adjusted EPS | $8.90 | Up 23% year on year |
| Adjusted segment operating margin | 28.6% | Up 1.2 percentage points |
| Fiscal 2027 adjusted EPS outlook | $36.45–$37.25 | Updated management guidance |
Underlying sales growth and margin expansion both contributed to the stronger adjusted result. investors.parker.com
Also Read: US Top Earnings Today, November 2, 2026: Marriott, Estée Lauder, Fox and More
Cummins: Power Equipment Strength Drives Record Earnings
Cummins increased revenue and more than doubled net income, led by strong demand for power-generation equipment. Weaker pickup-truck demand nevertheless prompted management to lower its full-year revenue-growth expectation.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | Approximately $9.4 billion | Up 13% year on year |
| Net income attributable to Cummins | $1.14 billion | $536 million a year earlier |
| Diluted EPS | $8.25 | $3.86 a year earlier |
| EBITDA margin | 18.9% | 14.3% a year earlier |
| Full-year revenue-growth outlook | Approximately 10% | Previously 10%–13% |
The earnings comparison includes favourable current-year tax items and charges in the previous year. investor.cummins.com
Air Products: Adjusted Growth Is More Modest Than the GAAP Rebound
Air Products increased fourth-quarter sales and adjusted earnings, while lower business and asset charges produced a much larger recovery in GAAP profit. Higher volumes supported operating earnings, although increased costs weighed on adjusted margin.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Fiscal fourth-quarter sales | Approximately $3.6 billion | Up 12% year on year |
| GAAP EPS, continuing operations | $2.62 | $0.02 a year earlier |
| Adjusted EPS | $3.61 | Up 6% year on year |
| Adjusted operating income | Approximately $856 million | Up 5% year on year |
| Fiscal 2027 adjusted EPS outlook | $14.15–$14.50 | Management guidance |
The adjusted figures provide the cleaner comparison because both years contained substantial charges. TradingView News
Also Read: US Weekly Earnings Review: Microsoft, Alphabet, Amazon, Intel and Major Q3 Results (Oct 26–30, 2026)
Duke Energy: Earnings Rise and Annual Guidance Narrows
Duke Energy increased revenue and earnings, with reported and adjusted EPS matching during the quarter. Management narrowed its annual adjusted earnings range and said performance positioned it near the upper end.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Operating revenue | $9.104 billion | $8.542 billion a year earlier |
| Net income available to common shareholders | $1.551 billion | $1.407 billion a year earlier |
| Reported and adjusted EPS | $1.99 | $1.81 a year earlier |
| Full-year adjusted EPS outlook | $6.70–$6.80 | Narrowed guidance range |
The quarter showed growth in both total earnings and earnings per share. DUK 8-K Filing
Southern Company: Higher Usage Supports Earnings Growth
Southern Company benefited from warmer weather, customer growth and increased electricity usage, including demand from large commercial and industrial customers. Higher operating expenses and additional shares outstanding partially offset those gains.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Operating revenue | $8.843 billion | $7.823 billion a year earlier; up 13% |
| Reported net income | $2.046 billion | $1.711 billion a year earlier |
| GAAP diluted EPS | $1.76 | $1.54 a year earlier |
| Adjusted EPS, basic basis | $1.94 | $1.60 a year earlier |
The adjusted EPS measure uses a basic-share calculation, distinct from GAAP diluted EPS. Nov 5, 2026
Also Read: US and UK Earnings Today: Amazon, Exxon, Chevron and AstraZeneca Lead Major Results
Allstate: Catastrophe Losses Weigh on Quarterly Profit
Allstate reported slightly higher revenue but lower earnings as catastrophe losses and investment results affected the comparison. The previous year also included a business-sale gain, making the decline in reported profit larger than the decline in adjusted earnings.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Total revenue | $17.348 billion | $17.255 billion a year earlier |
| Net income applicable to common shareholders | $2.050 billion | $3.717 billion a year earlier |
| GAAP diluted EPS | $8.03 | $13.95 a year earlier |
| Adjusted diluted EPS | $9.76 | $11.17 a year earlier |
Both profit measures declined, although exceptional items amplified the GAAP comparison. Exhibit 99.1
Kimberly-Clark: Softer Organic Sales Contrast With Higher Continuing EPS
Kimberly-Clark reported broadly flat sales as weaker organic demand offset favourable currency and other revenue contributions. Adjusted operating profit declined slightly, while adjusted continuing-operations EPS increased.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Net sales | Approximately $4.1 billion | Broadly flat year on year |
| Organic sales | Down 1.3% | Year-on-year comparison |
| GAAP diluted EPS, continuing operations | $1.19 | $1.01 a year earlier |
| Adjusted EPS, continuing operations | $1.70 | $1.45 a year earlier |
| Adjusted operating profit | $677 million | $683 million a year earlier |
Continuing-operations figures separate the ongoing business from the large discontinued-operations contribution to total EPS. investor.kimberly-clark.com
Also Read: Top US Earnings Today, October 29, 2026: Lilly, Mastercard, Caterpillar, Merck, Quanta and More
Snap: Revenue Growth Brings a Return to Profit
Snap returned to a GAAP profit as revenue increased from a year earlier. The improvement reversed the previous year’s loss and moved diluted earnings per share into positive territory.
| Measure | Reported | Comparison or guidance |
|---|---|---|
| Revenue | Approximately $1.722 billion | Up 14% year on year |
| Net income | Approximately $56 million | Loss of approximately $104 million a year earlier |
| GAAP diluted EPS | $0.03 | Loss of $0.06 a year earlier |
The return to profit marks an improvement in quarterly earnings, alongside continued revenue growth. SNAP 8-K Filing
Onetrader Disclaimer: This article is for educational and informational purposes only and does not constitute financial, investment or trading advice. Onetrader is not registered with SEBI as an investment adviser or research analyst. Nothing in this article is a recommendation to buy, sell or hold any security. Investments involve risk, and market conditions can change.
Also Read: Top US Earnings Today, October 28, 2026: GE Vernova, Vertiv, Biogen, Labcorp and More
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